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Jul 19, 2018
07/18
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an energy company helping cars emit less. making cars lighter, it's a good place to start, advanced oils for those hard-working parts. fuels that go further so drivers pump less. improving efficiency is what we do best. energy lives here. iwe all want to know you know, the new, new thing. with xfinity's retail stores, you can now see the latest. want to test drive the latest devices? be our guest. want to save on mobile? just ask. want to demo the latest innovations and technology? do it here. come see how we're making things simple, easy and awesome. plus, come in today and ask about xfinity mobile. a new kind of wireless network designed to save you money. visit your local xfinity store today. >>> welcome back time for our call of the day square upgraded to outperform by credit suisse. raised to $81. it's from neutral. the stock had an incredible run. it's up 100% year-to-date. they're obviously a bit late to the party. >> morgan stanley took the entire payments higher i think the fantastic thing about square now is you're
an energy company helping cars emit less. making cars lighter, it's a good place to start, advanced oils for those hard-working parts. fuels that go further so drivers pump less. improving efficiency is what we do best. energy lives here. iwe all want to know you know, the new, new thing. with xfinity's retail stores, you can now see the latest. want to test drive the latest devices? be our guest. want to save on mobile? just ask. want to demo the latest innovations and technology? do it here....
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Mar 21, 2022
03/22
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he's looking at a russian-free energy future. joining us now, louisiana senator bill cassidy i expect we might hear of a little bit different view on some of these issues >> by the way, there's a lot of commonality between what we might say. there will be a transition but iea estimates there will be increased use of oil and natural gas worldwide through 2050 now, if you're speak of a transition where in 25 years you don't need oil and gas, you don't know how to make plastic you're not aware many folks around the world will not have access go the critical minerals. but on the other hand, the point made is there's a nexus between energy, climate, economy, and national security, and right now we're losing all four because we've not paid attention to all four. >> senator, the expectation tissue order president biden introduced on the 27th, usg has been around for two or three years, and they would proudly point to the fallout and financing toward fossil fuel development and that we need to leave these things in the ground, and that w
he's looking at a russian-free energy future. joining us now, louisiana senator bill cassidy i expect we might hear of a little bit different view on some of these issues >> by the way, there's a lot of commonality between what we might say. there will be a transition but iea estimates there will be increased use of oil and natural gas worldwide through 2050 now, if you're speak of a transition where in 25 years you don't need oil and gas, you don't know how to make plastic you're not...
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Feb 18, 2021
02/21
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energy. what can we glean from this? what does it say about the future, and how we should react to what kind of energy future we should build >> yeah, joe, i feel like i'm pitching your show to you. the segment you just did on bill gates are terrific bill and are on the american energy innovation council. i think i have said before several times, southern company from an r and d standpoint it the largest in proprietary research and development, the key to that is continuing to invest this the solutions of the future whether it is storage, whether it is developing hydrogen alternatives, generation 4 nuclear, and don't forget more efficient energy efficient end use solutions, so look, i think the issue is how can we transition the fleet and provide for innovation, technology solutions that will get us from where we are to where we need to be in the future i think we can do that >> hey, tom, curious if you could just explain as you were talking about sort of the regulatory frame work that's in t
energy. what can we glean from this? what does it say about the future, and how we should react to what kind of energy future we should build >> yeah, joe, i feel like i'm pitching your show to you. the segment you just did on bill gates are terrific bill and are on the american energy innovation council. i think i have said before several times, southern company from an r and d standpoint it the largest in proprietary research and development, the key to that is continuing to invest this...
0
0.0
Jul 20, 2022
07/22
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not just some wonky energy story halfway around the world. >> modern economies need a lot of energy. it's quite a quandary that we find ourselves in, brian you know, the strength of the dollar that we've seen and forecast for manufacturing activity in germany, this isn't new. this is something that has cast appal on global markets for a while. they're in dire straits. i don't know how it's going to work itself out. we'll see. how about the first trade deficit germany's had since 1970 because they're importing so much stuff that's so expensive to try to keep the economy running. already, sully, thank you. >>> coming up, we're going to talk to the ceo of the spin-off of galaxien, smith, klein, and later we'll lkta meantime futures have turned lower. "squawk box" is coming back right after this >>> welcome back to "squawk box. this morning galaxy oh spin klein's spin-off created the largest stand alone consumer health business today. they own brands like advil, senn sew dine, and centrum. they start traiting on the ftsc this week, the ftse there. joining us to talk about it is the ceo o
not just some wonky energy story halfway around the world. >> modern economies need a lot of energy. it's quite a quandary that we find ourselves in, brian you know, the strength of the dollar that we've seen and forecast for manufacturing activity in germany, this isn't new. this is something that has cast appal on global markets for a while. they're in dire straits. i don't know how it's going to work itself out. we'll see. how about the first trade deficit germany's had since 1970...
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Mar 14, 2022
03/22
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energy and food? who needs that in the cpi? >> you're fine without it. >> now you have to watch people don't put a hole in the gas tank everybody is running with that story. gas thieves. fallout from higher gas prices >>> your next uber ride will cost more. you are watching "squawk box" on cnbc >> announcer: this cnbc program is sponsored by truist wealth. where meaningful relationships matter most. it listens, learns, adapts and anticipates your every need. with intelligence... that feels anything but artificial. the eqs from mercedes-benz. it's the car electric has been waiting for. as a small business owner, your bottom line is always top of mind. so start saving with comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network. with no line activation fees or term contracts. saving you up to $500 a year. so boost your bottom line by switching today. get the new samsung galaxy s22 series on comcast business mobile and for a limited time save up to $750 on
energy and food? who needs that in the cpi? >> you're fine without it. >> now you have to watch people don't put a hole in the gas tank everybody is running with that story. gas thieves. fallout from higher gas prices >>> your next uber ride will cost more. you are watching "squawk box" on cnbc >> announcer: this cnbc program is sponsored by truist wealth. where meaningful relationships matter most. it listens, learns, adapts and anticipates your every need....
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0.0
Sep 25, 2023
09/23
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you've been researching the energy transition for seven years. what gets you to the point where we think we're going to be below 50% in the united states and canada come the year 2050. that's just about 28 years away, 27. >> first i would like to say this report and research we are doing for north america is part of a celebration of being 125 years in the u.s. as a company. and we had our first employee here in new york. >> what about the report? >> the energy transition is going to be fast burk, but it's going to be fast enough to meet net zero goals by 2050. they are changing the energy system from 80% fossil fuel to 60% non-fossil fuel. >> what makes you say that? just based on policies, government policies that are pushing industries to invest in alternative energy? >> two things. policies will be very important. also technology advancements is part of it. a key for this change in energy system is elect electrification. that's the main driver for this change. >> the power of the grid with cheaper renewables. i don't know what you do with jet
you've been researching the energy transition for seven years. what gets you to the point where we think we're going to be below 50% in the united states and canada come the year 2050. that's just about 28 years away, 27. >> first i would like to say this report and research we are doing for north america is part of a celebration of being 125 years in the u.s. as a company. and we had our first employee here in new york. >> what about the report? >> the energy transition is...
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0.0
Nov 28, 2022
11/22
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and most likely higher energy bills. it could be a softer early start to the year. >> i heard up 2% in terms of sales for black friday and holiday weekend. more than $9 billion you are still talking numbers that don't keep up with inflation. >> you have that number and the shift in goods retailers have a lot more sales this weekend than there were last year. washing it all out, it will be january or february before we see the full impact for the retail sector. >> ross, you say you would not be surprised if we retest the lows before the end of the year? that is a big drop. >> it is the basic fundamentals of the market are just not quite in line yet you have a multiple on the s&p 500 which is attractive, but not as far as we have gone for bottom you have estimates for 2023 as rapidly as analysts revise lower. put the two together if we got rates higher and compression and the fed came out hawkish and you continue to see pressure on the earnings side with margins squeezed and less consumer spending impulse. i think it is po
and most likely higher energy bills. it could be a softer early start to the year. >> i heard up 2% in terms of sales for black friday and holiday weekend. more than $9 billion you are still talking numbers that don't keep up with inflation. >> you have that number and the shift in goods retailers have a lot more sales this weekend than there were last year. washing it all out, it will be january or february before we see the full impact for the retail sector. >> ross, you say...
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Sep 27, 2022
09/22
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joumanna, the contagion from the rest of europe in terms of energy issues as well. a lot of people think the uk problems are imported or exported directly out of germany or the rest of europe as well. over here, we're not -- we have demand problems. we add to demand by spending more money on different things i guess a tax cut adds and is counter propductive too. that adds to the demand and makes the central banks and bank of england's role harder >> reporter: yeah. that's precisely it. i think what you mentioned about the fiscal outlook is really important and specific to the uk as well. many people were surprised how expansionary the budget was on friday this is not the timing for it. you don't need a inflationary fiscal package when inflation is running 10%. it is adding more fuel to the fire and putting more pressure on the bank of england to counteract the fiscal looseness by making the monetary policy tighter. energy prices are tripling in the next month all of that is going to hit consumers hard it will hit the companies hard the central bank will be in positi
joumanna, the contagion from the rest of europe in terms of energy issues as well. a lot of people think the uk problems are imported or exported directly out of germany or the rest of europe as well. over here, we're not -- we have demand problems. we add to demand by spending more money on different things i guess a tax cut adds and is counter propductive too. that adds to the demand and makes the central banks and bank of england's role harder >> reporter: yeah. that's precisely it. i...
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Feb 23, 2022
02/22
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what about diamondback energy? last night they just reported and it was a very good number, and they're committed to shareholder distribution so i think you can find names that you have to make your list and be patient and not jump all in all at once >> the numbers initially on home depot looks like it was continuing to perform well at least in the prior quarter, but the tock in 2022 has been hit by worries, i guess, the combination of higher interest rates, maybe housing, maybe housing gets impacted. what did you see you made some interesting points that really point deep into that report that was concerning >> yeah, i thought the inventory numbers were a little alarming, up 33%, in the quarter up 52% on a two-year stack basis they did have good sales, but that compares to sales of just 22%. again, you're looking at a much higher inventory number. and so while i think it's good they have products on the shelves and i think lowes probably did the same thing, i just feel like that's a warning of sorts, it's a yellow
what about diamondback energy? last night they just reported and it was a very good number, and they're committed to shareholder distribution so i think you can find names that you have to make your list and be patient and not jump all in all at once >> the numbers initially on home depot looks like it was continuing to perform well at least in the prior quarter, but the tock in 2022 has been hit by worries, i guess, the combination of higher interest rates, maybe housing, maybe housing...
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Sep 27, 2023
09/23
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so in the first quarter, energy was up 40% of last year. energy got very expensive. okay. you can't value energy on price to earnings in just those traditional pe metrics. people say energy is cheap, that doesn't make a lot of sense because when oil was at 0 and the p was high and the yields were low. that was the best time to buy those. they did better than the tech names. to answer your question. we have been reducing energy exposure, we have been reducing refiners, we don't think those are particularly attractive. they are trading substantial premiums on price to book, which is our preferred metric when we look at the larger integrated. >> 0 was a buy. remember? >> what's that? >> we know oil at 0 was an unbelievable buy. >> that's the irony with real estate right now, reit capital is turned off. the other area i would put it to briefly is i think emerging markets are big time on sale. you have the biggest dislocation in the emerging markets? >> where? >> china is the most interesting area. >> really? >> everyone loves to hate on china. >> contrarian on china? >> kyle b
so in the first quarter, energy was up 40% of last year. energy got very expensive. okay. you can't value energy on price to earnings in just those traditional pe metrics. people say energy is cheap, that doesn't make a lot of sense because when oil was at 0 and the p was high and the yields were low. that was the best time to buy those. they did better than the tech names. to answer your question. we have been reducing energy exposure, we have been reducing refiners, we don't think those are...
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112
Aug 10, 2018
08/18
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look at energy bear market in energy as well. >> video rental, really bad. photo mats, tough. tough. record stores. >> even the companies that work -- in 1999, there was no company more dominant than microsoft. everybody could have said this is all in the favor. it didn't fail it was just priced too high and went ten years >> the multiple contradicted by 50%. >> right now the market is saying yes we have this faster moving world and technology is going to hasten the pace of everything it's decided it's kind of a winner take all type business. right? so you have five stocks worth a few trillion dollars people saying they're just going to capture a lot of that we'll see. >> it's always different >> i want to get your thoughts on industrials for a minute. it seems like last year a lot of the blue chip industrials, we saw huge moves to the upside in the stocks i'm just looking here at the dow. year to date now and i think a lot of this is on the trade and tariff worries and maybe earnings that weren't even better than the beats we've seen 3m and caterpillar down 12% and 13% year t
look at energy bear market in energy as well. >> video rental, really bad. photo mats, tough. tough. record stores. >> even the companies that work -- in 1999, there was no company more dominant than microsoft. everybody could have said this is all in the favor. it didn't fail it was just priced too high and went ten years >> the multiple contradicted by 50%. >> right now the market is saying yes we have this faster moving world and technology is going to hasten the pace...
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Dec 10, 2018
12/18
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money center banks like jpmorgan, citigroup, new lows, pnc, they're all at new lows energy down 20% right now. deeper concerns look a little more deeper. materials were down more than 20%. they bounced today down 19% industrials, communications, all down in the mid teens. because there's so many stocks, it doesn't describe the extent of the damage very well. there's verydeep, deep bear markets that have developed in many subsectors. not much of a bounce oil service stocks, halliburton, they're 40% off of their highs home building stocks and construction stocks are down 1/3 off of their highs metals and mining are down 1/3 on global slowdown and tariff issues same with the autos. autos in the u.s. and europe doesn't matter dollar strength in slower global issues is hurting emerging markets, particularly china which is down 25% on the year. so where are we right now? the russell 3,000, which is about the broadest index on the market, about 11% off the recent 52-week highs. that's market cap weighted the russell 1,000 equal weighted, biggest 1,000 stocks 12% off the high doesn't really matte
money center banks like jpmorgan, citigroup, new lows, pnc, they're all at new lows energy down 20% right now. deeper concerns look a little more deeper. materials were down more than 20%. they bounced today down 19% industrials, communications, all down in the mid teens. because there's so many stocks, it doesn't describe the extent of the damage very well. there's verydeep, deep bear markets that have developed in many subsectors. not much of a bounce oil service stocks, halliburton, they're...
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Oct 12, 2022
10/22
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i believe energy is going to continue to be strong. what i think is underappreciated, andrew, is the international recovery we have seen a recovery here in the states not internationally. and they have a big exposure overseas and around the world. so i think that it's trading actually at the cheapest of the big four in numbers of oil field services industries. i think it goes higher, a lot higher let's go to number two on your list. >> so hope depot is number two i haven't recommended a housing stock in a long time the stock is down 31% here to date it has a 2.6% dividend yield they are the number one home improvement company. they actually focus more on remodels, restatoration pro. the vast homes do not change hands, so they have to fix up their homes and i think that plays right into the strength of home depot it's down so much. and i like the valuation >> finally number three on your list, berkshire. i really like the diversification. they have pricing power in their insurance business and energy business the discretionary businesse
i believe energy is going to continue to be strong. what i think is underappreciated, andrew, is the international recovery we have seen a recovery here in the states not internationally. and they have a big exposure overseas and around the world. so i think that it's trading actually at the cheapest of the big four in numbers of oil field services industries. i think it goes higher, a lot higher let's go to number two on your list. >> so hope depot is number two i haven't recommended a...
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Dec 12, 2022
12/22
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what if you were a global energy company? with operations in scotland, technologists in india, and customers all on different systems. you need to pull it together. so you call in ibm and red hat to create an open hybrid cloud platform. now data is available anywhere, securely. and your digital transformation is helping find new ways to unlock energy around the world. >>> welcome back to "squawk box. chinese officials are facing a u-turn with the decision of the omicron variant which is in line with the flu with the infection rarely are reaching the lungs. it is the latest in the line of officials downplaying the virus. >>> before we head to break. a couple of things coupa software halting due to pending news reports say the company is in talks to buy toma bravo. we will give you the news if it hits the wires. >>> when come back, crude prices are lower now than the start of the year we will dig into the oil prices when we come back >>> big business at the box office the ceo of paramount pictures wilt will join us in the 8:00
what if you were a global energy company? with operations in scotland, technologists in india, and customers all on different systems. you need to pull it together. so you call in ibm and red hat to create an open hybrid cloud platform. now data is available anywhere, securely. and your digital transformation is helping find new ways to unlock energy around the world. >>> welcome back to "squawk box. chinese officials are facing a u-turn with the decision of the omicron variant...
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Oct 29, 2021
10/21
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we have you covered today on all things energy. first up we have a cnbc exclusive with exxon mobile ceo darin woods and then energy secretary jennifer granholm as we head to a break let's look at yesterday's s&p 500 winners and losers hey businesses! you all deserve something epic! so we're giving every business, our best deals on every iphone - including the iphone 13 pro with 5g. that's the one with the amazing camera? yep! every business deserves it... like one's that re-opened! hi, we have an appointment. and every new business that just opened! like aromatherapy rugs! i'll take one in blue please! it's not complicated. at&t is giving new and existing customers our best deals on every iphone, including up to $800 off the epic iphone 13 and iphone 13 pro. this is the new world of work. each day looks different than the last. but, whatever work becomes, the world works with servicenow. >>> good morning and welcome back to "squawk box" live from the nasdaq nasdaq the operative term, market site in times square. check out the futur
we have you covered today on all things energy. first up we have a cnbc exclusive with exxon mobile ceo darin woods and then energy secretary jennifer granholm as we head to a break let's look at yesterday's s&p 500 winners and losers hey businesses! you all deserve something epic! so we're giving every business, our best deals on every iphone - including the iphone 13 pro with 5g. that's the one with the amazing camera? yep! every business deserves it... like one's that re-opened! hi, we...
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Oct 11, 2021
10/21
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energy shares are up inflation
energy shares are up inflation
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Feb 28, 2020
02/20
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we're going to continue to use energy energy demand dploeb alhas increased 36 out of the last 37 years and throughout that period, we had other instances of virus outbreaks there's been sars, mers. energy is so essentially and it's very cheap from a valuation perspective. >> you're looking at chevron, bp, exxonmobil are those the stocks you would buy? >> those are the biggest energy companies in the world we like more of the midstream. energy infrastructure, more than the producers. because in energy midstream, those are where the resilient cash flows are bp, chevron, exxon, all have commodity price exposure in the energy sector today, really, the most precious commodity, and people that are generating cash to buy back shares and pay dividends, and in the case of exxon, they can't do that chevron and bp can >> since this is going to follow what happens in the global economy, what's the firewall for you, what's the bottom >> well, you know what, i would hope like the entire market, multidecade low, frankly, if you look at the sector index, so we're really close to that i would hope to s
we're going to continue to use energy energy demand dploeb alhas increased 36 out of the last 37 years and throughout that period, we had other instances of virus outbreaks there's been sars, mers. energy is so essentially and it's very cheap from a valuation perspective. >> you're looking at chevron, bp, exxonmobil are those the stocks you would buy? >> those are the biggest energy companies in the world we like more of the midstream. energy infrastructure, more than the producers....
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Aug 17, 2018
08/18
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fact we're seeing less demand for chips is what you would expect to see >> in many countries where energy costs are higher, ie south korea, it becomes unprofitable or less profitable to mine the coins. >> exactly at a higher price you're willing to put more chips to work to mine a bitcoin at these prices it makes less sense to do that you always reference bitcoin to gold you note gold's market cap is $110 billion >> that's where bitcoin is today. >> 110 billion but gold is at 8 trillion? >> exactly >> i could make the argument you're doing it because you think bitcoin will go up to get closer to gold how do we know that gold won't come down and get closer to bitcoin? >> that could happen if you look at the arc of history, that is not what's happened gold has emerged as the global store value. it has held that position for a couple thousand years. that's an awesome run. we have something that functions much, much better. so we expect over time for some of the people using gold as a value to switch to bitcoin >> we had brian kelly on the other day, he basically suggested that the nervous mo
fact we're seeing less demand for chips is what you would expect to see >> in many countries where energy costs are higher, ie south korea, it becomes unprofitable or less profitable to mine the coins. >> exactly at a higher price you're willing to put more chips to work to mine a bitcoin at these prices it makes less sense to do that you always reference bitcoin to gold you note gold's market cap is $110 billion >> that's where bitcoin is today. >> 110 billion but gold...
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37
Mar 11, 2022
03/22
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is that we are energy independent. so the good news is we don't necessarily rely on imported oil, and that's an advantage in this environment europe is not. and i think that's a disadvantage in this environment. so i think those are things we need to pay attention to when we think about relative asset allocation i also think, joe, this volatility can actually represent opportunity. so our target for the s&p 500 by year end is 4,600. we looked like bears coming into the year we now look like bulls and i think what this means is there are opportunities to add onto sectors beaten down by these risks, for example semiconductors, software there are a lot of hi-tech companies that might be at levels that suggest great entry points i still like energy. i think energy still has up sides. i think there are lots of areas within the market you can sift through and do some security selection, but to your point i think volatility is likely to remain elevated until we do see a real more what's called satisfying resolution. >> really
is that we are energy independent. so the good news is we don't necessarily rely on imported oil, and that's an advantage in this environment europe is not. and i think that's a disadvantage in this environment. so i think those are things we need to pay attention to when we think about relative asset allocation i also think, joe, this volatility can actually represent opportunity. so our target for the s&p 500 by year end is 4,600. we looked like bears coming into the year we now look like...
96
96
Jan 25, 2018
01/18
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dallas only a tenth of our gdp is energy. through that energy slump that's coming back now, we blew through that nobody has grown faster, created more jobs this last year and for the last four or five years. i think the grade needs to go up on that aspect >> we also ding you on talent, not because you don't have the people, but because there have been issues and we have highlighted this in our america's top states for business study about quality of life, health care, inclusiveness. what do you say to that, particularly looking at some of the competition. >> first of all, we have a lot of technology employees. most than austin, almost as much as seattle out there second is that we have a quality of life that's great we're a blue city in a red state. on the lgbt index, we got 100 this year for the last couple three years. all this talent is coming to dallas yeah, there are some concerns at the state level, but we're working through that to make sure that we're going to be business friendly at the state level too. >> you have c
dallas only a tenth of our gdp is energy. through that energy slump that's coming back now, we blew through that nobody has grown faster, created more jobs this last year and for the last four or five years. i think the grade needs to go up on that aspect >> we also ding you on talent, not because you don't have the people, but because there have been issues and we have highlighted this in our america's top states for business study about quality of life, health care, inclusiveness. what...
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0.0
Jan 26, 2023
01/23
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and energy transition. for us, what really matters is do we deliver for the customers? when we do that, they deliver more capital to us and ultimately, our shares will respond to that. that's why we have so much confidence about the future. >> you started your career as a real estate man. we have another real estate man at the table, so i'm curious how you see it both in terms of the blackstone portfolio itself and even some of the larger trends right now. >> i think on real estate, and barry obviously knows a lot about this business. i think what you have to do is not paint everything with the same brush there's clearly a headwind from higher interest rates, which has led to higher cap rates or lower multiples. that affects all real estate out there. and we have been adjusting that in our portfolio with higher cap rates. but then when you look within asset classes, it's really dramatic the differences if you look in the u.s. office market, they can see including subleasing is today now north of 20%. and re
and energy transition. for us, what really matters is do we deliver for the customers? when we do that, they deliver more capital to us and ultimately, our shares will respond to that. that's why we have so much confidence about the future. >> you started your career as a real estate man. we have another real estate man at the table, so i'm curious how you see it both in terms of the blackstone portfolio itself and even some of the larger trends right now. >> i think on real estate,...
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0.0
Jul 27, 2022
07/22
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what if you were a global energy company? with operations in scotland, technologists in india, and customers all on different systems. you need to pull it together. so you call in ibm and red hat to create an open hybrid cloud platform. now data is available anywhere, securely. and your digital transformation is helping find new ways to unlock energy around the world. this tiny payment thing- and your digital tranis a giant pain!lping hi ladies! alex from u.s. bank! can she help? how about a comprehensive point of sale system... that can track inventory, manage schedules- and customize orders? that's what u.s. bank business essentials is for. (oven explosion) what about a new oven, can u.s. bank help us there? we can serve loans in as fast as 12 minutes. that would be a big help! huge! jumbo! ginormous! woo! -woo! finding ways to make your business boom. that's what u.s. bank is for. we'll get there together. >>> welcome back to "squawk box. property sales are set to plunge this year by more than they did during the 2008 fina
what if you were a global energy company? with operations in scotland, technologists in india, and customers all on different systems. you need to pull it together. so you call in ibm and red hat to create an open hybrid cloud platform. now data is available anywhere, securely. and your digital transformation is helping find new ways to unlock energy around the world. this tiny payment thing- and your digital tranis a giant pain!lping hi ladies! alex from u.s. bank! can she help? how about a...
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Apr 12, 2022
04/22
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also energy a huge part of the story. goldman's head of commodity research jeff curry is going to be our special guest plus what, if anything, can or should washington be doing about rising consumer prices we're going to be asking that question to texas congressman kevin brady as the final hour of "squawk box" begins right now. >>> good morning and welcome to "squawk box" here on cnbc live from the nasdaq market site in times square i'm joe kernen along with becky quick and andrew ross sorkin and what's happening inflation, consumer price index due out at 8:30 eastern. probably maybe we look forward at least in terms of interest more than even the jobs report at this point and a couple of these recent numbers we've seen, because if it is 8.4 that's as high as anything we've seen since 1981 wherefore casters are as far as year over year u.s. equity futures, though, have managed to at least stabilize and green slightly after the move down we saw yesterday and treasuries i guess you'd call it orderly running above be.8% >> i
also energy a huge part of the story. goldman's head of commodity research jeff curry is going to be our special guest plus what, if anything, can or should washington be doing about rising consumer prices we're going to be asking that question to texas congressman kevin brady as the final hour of "squawk box" begins right now. >>> good morning and welcome to "squawk box" here on cnbc live from the nasdaq market site in times square i'm joe kernen along with becky...
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Oct 13, 2022
10/22
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we know it's about food and energy. this is definitely going to peak the heres of our central bankers, domestically and globally. it's going to make the drollar index hotter and may complicate derivatives. there are two things you can't control. discon would you say volatility when gilt prices and yields get crazy you can't make periodic adjustments and option volatility. no way to compensate for depth jumps. if your models are replicating the pattern of payout based on options volatility moves up or down in a dramatic way and little to do about it but take a hit. becky back to you. >> take a hit is what we're seeing in the markets. rick stay with us. running through the boards. after the number hotter than anticipated up 0.4% month over month core. exfood and energy cpi 0.6%. we immediately saw a massive shift in the futures markets. the dow futures now down by 300 points. up by about 300 points before nasdaq off by 276 and s&p down by 58 points. if you've been watching yields this is a story. tenure a push above 4% at
we know it's about food and energy. this is definitely going to peak the heres of our central bankers, domestically and globally. it's going to make the drollar index hotter and may complicate derivatives. there are two things you can't control. discon would you say volatility when gilt prices and yields get crazy you can't make periodic adjustments and option volatility. no way to compensate for depth jumps. if your models are replicating the pattern of payout based on options volatility moves...
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Aug 2, 2022
08/22
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here at home, which will help address clean energy and climate change but also help build energy security and help us build greater supply of energy here in the united states. those are long-term challenges we need to solve, coupled with near-term relief on the spupply side it will reduce the deficit by more than $300 billion that actually is complementary to what the fed is trying to do. we haven't done deficit reducing legislation in some time this is an opportunity to do so, and to build on the deficit reduction that we've already seen across the economy. so i think this bill -- >> i'm sorry i was just going ask you whether, is it a different bill than we would have gotten a year ago in terms of hydrocarbons is there more of a concession, we're going to have a much longer bridge than we thought? are there some incentives to continue natural gas or refineries or, you know what i'm saying in that regard, it's a different bill than we would have seen in some of the previous build back better bills, and maybe that makes it more palatable? >> well, i think this process has been through mult
here at home, which will help address clean energy and climate change but also help build energy security and help us build greater supply of energy here in the united states. those are long-term challenges we need to solve, coupled with near-term relief on the spupply side it will reduce the deficit by more than $300 billion that actually is complementary to what the fed is trying to do. we haven't done deficit reducing legislation in some time this is an opportunity to do so, and to build on...
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10.0
Mar 10, 2021
03/21
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sand energy. you see interest rates on the ten at 154 if you look at real weekly earnings, year over year for february, moved from 4.1 but at 5.7 sequentially lower year over year, on the hourly side, 3.4 which is a bit lower than 4.9, both have suffered a bit. listen we can summarize inflation in the following fashion, whether it's coming or isn't, the real issue is will be it reflected in rates i s doubtt jay powell and company have gone through what they've gone through to not reflect the tree profile. >> you're looking at the nasdaq chart, rick, you don't think that had anything to do with what happened at 8:30? >> joe, i haven't seen a live nasdaq chart in the last few minutes. i'm sorry, i'm sorry i was waiting for 8:30 to come on and talk to you >> maybe team are holding their breath after a couple of ppi -- it's not a huge move >> atlanta gdp now it's 8.35 they shouldn't hold their breath for long, okay if you believe the dynamics of the correction and nasdaq are real, they're only going t
sand energy. you see interest rates on the ten at 154 if you look at real weekly earnings, year over year for february, moved from 4.1 but at 5.7 sequentially lower year over year, on the hourly side, 3.4 which is a bit lower than 4.9, both have suffered a bit. listen we can summarize inflation in the following fashion, whether it's coming or isn't, the real issue is will be it reflected in rates i s doubtt jay powell and company have gone through what they've gone through to not reflect the...
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Feb 16, 2024
02/24
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cirkul is the energy that gets you to the next level. cirkul is what you hope for when life tosses lemons your way. cirkul, available at walmart and drinkcirkul.com. you know doug, ever since switching to workday you've been a real rock star. rock star? what do you know about rock stars? billy idol? i mean where's the skin-tight leather? my shoes are leather. where's the unnecessary zippers? that thing! billy, rock star is just how doug feels when he uses workday. thanks, rory. i'll show you rock star! be a finance and hr rock star. workday. for a changing world. billy idol just stole your golf cart! (grunting) at morgan stanley, old school hard work meets bold new thinking. ( ♪♪ ) partnering to unlock new ideas, to create new legacies, to transform a company, industry, economy, generation. because grit and vision working in lockstep puts you on the path to your full potential. old school grit. new world ideas. morgan stanley. >>> musician rod stewart has sold his song catalog to iconic artists group for nearly $100 million. the wall
cirkul is the energy that gets you to the next level. cirkul is what you hope for when life tosses lemons your way. cirkul, available at walmart and drinkcirkul.com. you know doug, ever since switching to workday you've been a real rock star. rock star? what do you know about rock stars? billy idol? i mean where's the skin-tight leather? my shoes are leather. where's the unnecessary zippers? that thing! billy, rock star is just how doug feels when he uses workday. thanks, rory. i'll show you...
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Jun 4, 2018
06/18
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this is america's energy era. nextera energy. >>> a ferrari becoming the most expensive car ever sold. robert frank gives us the details. it wasn't even a new one >> i know you like the new cars, not the old cars but these old ones are getting more expensive by the day. a 1963 ferrari broke the record for the most expen ever so sources telling me this ferrari sold last month in a private deal for $70 million >> what? >> now, the seller was a german collector. the buyer, this is the interesting part david mcneil he's the founder of weather tech, the maker of car floor mats ferrari's gto model is considered its holy grail of the brand. ferrari only made 36 of these cars those owners are members of the most elite car club in the car world. it includes ralph lauren, walmart heir rob walton. previously the most expensive was for $52 million. another gto holds the record for the most expensive car sold at auction. it's that car. it fetched $38 million in 2014 now, this particular gto won the tour de france unlike a lot
this is america's energy era. nextera energy. >>> a ferrari becoming the most expensive car ever sold. robert frank gives us the details. it wasn't even a new one >> i know you like the new cars, not the old cars but these old ones are getting more expensive by the day. a 1963 ferrari broke the record for the most expen ever so sources telling me this ferrari sold last month in a private deal for $70 million >> what? >> now, the seller was a german collector. the...
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Apr 1, 2022
04/22
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our profits are probably 70, 80% -- >> the all in notion of supplying energy and energy independence, does it still include coal, and can you include coal does it need to be clean coal? is it still part of the equation because we've heard politicians running for president say i'm going to put the coal industry out of business completely so that's the backdrop you're dealing with right now, isn't it >> that's great. and back in the '70s the nation turned to coal this time with the energy crisis you heard a lot about increasing oil and gas production you've heard about policies trying to ship natural gas or lng in europe. you don't hear anybody in the federal policy arena talk about coal, and that's a major mistake because coal is the one reliable resilient power source we have in this country, and we need to continue to depend on coal >> talk about the composition of the coal you do produce. how much of it is we do think of as clean coal? and would it make more sense to replace the coal being used now with natural gas or are we going to be using coal for years into the future >> specif
our profits are probably 70, 80% -- >> the all in notion of supplying energy and energy independence, does it still include coal, and can you include coal does it need to be clean coal? is it still part of the equation because we've heard politicians running for president say i'm going to put the coal industry out of business completely so that's the backdrop you're dealing with right now, isn't it >> that's great. and back in the '70s the nation turned to coal this time with the...
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Aug 10, 2018
08/18
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crude to help diversify their energy sources so to give you some stats, last year china bought a fifth of u.s. crude exports, and this summer the purchases hit more than 500 million barrettes a day. the government here has very little incentive to put any more financial cost on to its imports. the revision did come after the company suspended new bookings until october. that was reportedly because of concerns about the impact of this possible t25% tariff on supplies the pattern has been that the chinese have not been wanting to put a tariff on anything that could fundamentally impact the overall economy. >> it's a big story. appreciate you bringing it to us eunice, thank you very much. >>> the escalating trade tensions between the united states and china could have an unintended consequence some damage to high-tech innovation, especially for start-up companies u.s. tariffs on chinese products and components are forcing many startups to rework their supply chains we're joined by aaron amy, cofounder and ceo of brilliant, a maker of smart devices that replace the light switch in your hom
crude to help diversify their energy sources so to give you some stats, last year china bought a fifth of u.s. crude exports, and this summer the purchases hit more than 500 million barrettes a day. the government here has very little incentive to put any more financial cost on to its imports. the revision did come after the company suspended new bookings until october. that was reportedly because of concerns about the impact of this possible t25% tariff on supplies the pattern has been that...
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Mar 25, 2021
03/21
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is it a good idea to put so much energy into a spot that's been a weak spot? jon fortt joins us with on the other hand >>> and corporate tax a focus for president biden and his team what will the number be? "squawk box" will be back after a quick break. a reminder you can watch us live quonhenbap t cc p. "sawk box" will be right back. if you're 55 and up, t- mobile has plans built just for you. switch today and get 2 lines of unlimited and 2 free smartphones. plus you'll now get netflix on us. all this for up to 50% off vs. verizon. it's all included. 2 lines of unlimited for only $70 bucks. and this rate is fixed. you'll pay exactly $70 bucks total. this month and every month. only at t-mobile. >>> fidelity investment preparing to launch its own bitcoin etf. fd funds a subsidiary filed with the sec to provide financial backing for the wise origin bitcoin trust which would track bitcoin performance. the company wouldn't comment more about the fund as it waits for sec approval last week the sec acknowledged a bitcoin etf proposal from van ek that's a longer ter
is it a good idea to put so much energy into a spot that's been a weak spot? jon fortt joins us with on the other hand >>> and corporate tax a focus for president biden and his team what will the number be? "squawk box" will be back after a quick break. a reminder you can watch us live quonhenbap t cc p. "sawk box" will be right back. if you're 55 and up, t- mobile has plans built just for you. switch today and get 2 lines of unlimited and 2 free smartphones. plus...
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Sep 30, 2022
09/22
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mandatory power savings as well as special levees on energy producers. plan taking profits that fossil fuel producers and help households deal with the energy prices absent was the deal from the eu wide gas price cap this is the divisive topic in europe many argue, including italy and france, that the price cap would be beneficial for europe to bring down the price of gas into the continent. there are big opponents to the deal including germany who argued a gas price cap may divert key gas supplies away from europe to parts of the world willing to pay more asia and, of course, the u.s., a major lng supplier germany doesn't want to harm those supplies there will be pressure on european ministers and leaders to make progress given we are close to winter and situation would become more dire >> julianna, thank you for the report we will keep our eyes on everything in europe >>> some sad news to report this morning. sandy gosisman and long time berkshire shareholder died at the age of 96. gottesman was an early investor holding a 1% stake and serving on the b
mandatory power savings as well as special levees on energy producers. plan taking profits that fossil fuel producers and help households deal with the energy prices absent was the deal from the eu wide gas price cap this is the divisive topic in europe many argue, including italy and france, that the price cap would be beneficial for europe to bring down the price of gas into the continent. there are big opponents to the deal including germany who argued a gas price cap may divert key gas...
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Jan 26, 2024
01/24
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they will review the energy costs and energy security and the environment. the new move does not impact current exports or permitted facilities started construction. the u.s. is the largest lng exporter back in 2023 seven years after beginning exporting. president biden says he sees the climate crisis as the existential threat of our time jennifer granholm will speak to us at 7:30 a.m. over what this means. there will be a lot of pushback from people. >>> jennifer granholm met with/officials and urged the bankers to innvest in clean energy >> i have no words. >>> intel shares -- i do have shares it is friday my blood pressure. >> lng preplaces coal. it is also a security threat from russia. >> a great business. it's clean. >> when russia cut off germany, we stepped up and helped them out. >> we love exports it is a great export business. that's what i said in makeup i'm not going to say it again. it is the most obscene type of politicking to get young voters for the election that's what it is all about because of the inn fat fatuatio. you wonder why we're cy
they will review the energy costs and energy security and the environment. the new move does not impact current exports or permitted facilities started construction. the u.s. is the largest lng exporter back in 2023 seven years after beginning exporting. president biden says he sees the climate crisis as the existential threat of our time jennifer granholm will speak to us at 7:30 a.m. over what this means. there will be a lot of pushback from people. >>> jennifer granholm met...
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Mar 1, 2021
03/21
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we see harnessing natural gas unleashing the promise of cleaner energy. at emerson, we advance the safety and efficiency of the lng industry to meet the world's need for reliable, affordable electricity. emerson. consider it solved. change is all around us. shaped by technology afand human ingenuity,. we can make it work for you and your business. >>> hello. bob pisani here. welcome to the etf edge portion of "halftime report. more people going to the office and shopping in malls. what's the outlook for real estate let's talk to men who know michael is the chief investment strategist for the spider etf at state street global adviser who runs the real estate select etf over there xlre is the symbol the president of adviser with the alps active etf. reit, started trading on friday. rising rates are causing some worry for stocks how does that affect the market and how quickly do you think people will be returning to all those empty offices? >> bob, it's really interesting. typically, higher interest rates are a headwind for reits but interestingly enough, pr
we see harnessing natural gas unleashing the promise of cleaner energy. at emerson, we advance the safety and efficiency of the lng industry to meet the world's need for reliable, affordable electricity. emerson. consider it solved. change is all around us. shaped by technology afand human ingenuity,. we can make it work for you and your business. >>> hello. bob pisani here. welcome to the etf edge portion of "halftime report. more people going to the office and shopping in malls....
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Jan 11, 2024
01/24
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chesapeake energy will buy southwestern energy for roughly $7.4 billion. about $6.69 a share and chesapeake stock for every southwestern share out there. the deal combines the two biggest independent natural gal producers in america. when the deal is done, it would become the biggest overtaking current number one eqt. stocks of both companies on the move for a week or so after reports of that deal over that span. so keep an eye on those shares now, moving to the downside. our next check is on citigroup, one of the big banks that kick off the earnings season tomorrow morning. ahead of that big quarterly report, the big bank disclosed a slate of charges. it will be set to take as part of the earnings release, including higher than expected amounts because of the drop in value and the argentine peso and the restructuring cost tied to jane frazier's plans to simplify and focus citigroup. the bank will take a hit of $880 million from currency conversion losses and $780 million in restructuring. that is significantly higher than the couple hundred million dollar
chesapeake energy will buy southwestern energy for roughly $7.4 billion. about $6.69 a share and chesapeake stock for every southwestern share out there. the deal combines the two biggest independent natural gal producers in america. when the deal is done, it would become the biggest overtaking current number one eqt. stocks of both companies on the move for a week or so after reports of that deal over that span. so keep an eye on those shares now, moving to the downside. our next check is on...
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Nov 1, 2022
11/22
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>> well, i don't hook that up to just energy companies. i think the stupidity of our policies is the fact that they are left to carry interest in the favorable tax treatment and they put a tax on buybacks i want to invest in management that knows what they are doing smartest guy i ever dealt with who developed my interest in buybacks was dr. henry singleton, retired 90% of his stock and in 1992, the mythical greek god that flew too close to the sun and fell to earth. highly critical of his buybacks. >> i apologize for interrupting. the issue is productive use of cash, which is to say is it more -- >> are you a capitalist? i'm i'm. >> i'm asking from a social perspective do we need more oil or do we need to get to a cleaner energy world faster, one of the two you would want to put as much of that money investing in that money in either of those two things, which by the way might be at odds but that is what they are. and the question is between those two options, and buybacks, where should buybacks land >> buybacks make sense if you are buyi
>> well, i don't hook that up to just energy companies. i think the stupidity of our policies is the fact that they are left to carry interest in the favorable tax treatment and they put a tax on buybacks i want to invest in management that knows what they are doing smartest guy i ever dealt with who developed my interest in buybacks was dr. henry singleton, retired 90% of his stock and in 1992, the mythical greek god that flew too close to the sun and fell to earth. highly critical of...
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Jan 23, 2018
01/18
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and with the run up in energy prices around the world, you know, the energy companies certainly are interesting. in the u.s., master limited partnerships are interesting the great laggard has been emerging markets you look at chile, you look at brazil, even china these markets have more head room and i think the run there will be more interesting than playing the f.a.n.g.s. >> in terms of being at davos, clearly a lot of focus on the economy as opposed to the market will this be one of the most upbeat and positive davos gatherings for the better part of the last decade given the global economic outlook? >> i think so. the level of optimism here seems very high. you know, i was thinking this morning about my participation here two years ago when energy prices were approaching 25 theres a barrel for oil. stocks were selling off. the negative tone then really verged on depression people were talking about a recession. further declines in asset prices sure enough that marked the bottom being here now with optimism so high, it really starts to raise questions in my mind about, you know, how sustaina
and with the run up in energy prices around the world, you know, the energy companies certainly are interesting. in the u.s., master limited partnerships are interesting the great laggard has been emerging markets you look at chile, you look at brazil, even china these markets have more head room and i think the run there will be more interesting than playing the f.a.n.g.s. >> in terms of being at davos, clearly a lot of focus on the economy as opposed to the market will this be one of...
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Dec 14, 2021
12/21
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you just remove food and energy it's up 0.7. food and energy, 0.7, food, energy and trade up 0.7. the year over year numbers, up 9.6% on head line producer price index. that is a new record and if we look at ex-food and energy, year over year, and these go up, because he recalculate a little differently, so that's the most recent if you we look at year over year, food, energy, trade, up 6% so, all of the numbers are hotter than expected and of course, we should expect this to happen we so transitory has been retired. we know the consumer price index we had last week was hot as well but yet, we continue to see the long duration, the long maturities, 10s, 20s, 30s, on the treasury side. the rates aren't as responsive as we think. they're negative on negative territory. we see the yield curve remaining flat and the maturities very responsive this week because we have the fed meeting most likely, the rates will rise quicker and that's why the curve has been acting the way it has joe, back to you >> 39 years, rick, i did some math -- is that like 1982. so, we're coming down. we are com
you just remove food and energy it's up 0.7. food and energy, 0.7, food, energy and trade up 0.7. the year over year numbers, up 9.6% on head line producer price index. that is a new record and if we look at ex-food and energy, year over year, and these go up, because he recalculate a little differently, so that's the most recent if you we look at year over year, food, energy, trade, up 6% so, all of the numbers are hotter than expected and of course, we should expect this to happen we so...
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May 16, 2017
05/17
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kelsey mcneely and some day you might be calling me an energy farmer. ♪ energy lives here. >>> welcome back to "squawk box." futures right now, dow looking at about 35 points at the open, s&p 500 looking like it can hold onto the 2400 level up by about two points. >>> delta airlines will begin testing facial recognition technology this summer. the test is to start at a newly installed self-service baggage drop station at the minneapolis-st. paul international airport. the airline says the 600,000 dollar initiative will make the first airline to try biometric based self-service bag drop in the u.s. >>> well, imagine you could make sure your private jet would land safely if it ran into some problems midflight. it's become a reality. and a major selling point for cirrus aircraft. phil lebeau joins us now with more. >> joe, this is an interesting story because cirrus, which has been making planes for a number of years out of duluth, minnesota, and now has its first personal jet, we had a chance yesterday outside of new york to see what this jet is all about. you might be saying, well, pers
kelsey mcneely and some day you might be calling me an energy farmer. ♪ energy lives here. >>> welcome back to "squawk box." futures right now, dow looking at about 35 points at the open, s&p 500 looking like it can hold onto the 2400 level up by about two points. >>> delta airlines will begin testing facial recognition technology this summer. the test is to start at a newly installed self-service baggage drop station at the minneapolis-st. paul international...
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0.0
May 3, 2022
05/22
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that is the best way to get energy affordable and secure and make the energy system of the future cleaner >> if he called you up on the phone and said look, we need to put an input here on what the price is going to be of gas that at the pump, over the next 12 months, you'd be telling him what, it's going to be at $103 to buy a barrel of wti crude $170 what's the house, house estimate inside bp right now? >> i think we both know that trying to protect the price of oil is a very difficult thing to do what i can do is describe to you how we see it today and what we see today is a world where there's a million barrels a day of russian crude off the system which may double this month when the sanctions really come into effect you siee relatively low spare capacity globally and a number of uncertainties what's going to happen to global economy, what's going to happen in iran, in libya, with the zero covid policy in china. these uncertainties. so what i can el it yotell you i expect volatility to continue in the months ahead and all things point to prices being strong as they currently are in t
that is the best way to get energy affordable and secure and make the energy system of the future cleaner >> if he called you up on the phone and said look, we need to put an input here on what the price is going to be of gas that at the pump, over the next 12 months, you'd be telling him what, it's going to be at $103 to buy a barrel of wti crude $170 what's the house, house estimate inside bp right now? >> i think we both know that trying to protect the price of oil is a very...
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Dec 15, 2022
12/22
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our inflation is stickier than yours. >> because of energy >> because of energy >> and because of the nexus of the bad policy decisions in the continent? >> well, you might say >> i did >> i think the point -- the point here is that we're not getting some significant wage inflation. it's understandable, we've got a lot of people struggling with high inflation and cost of living but the problem with that, you send up moving from supply side inflation to structural inflation. so, i think it's going to stay with us longer it's going to stay a little higher >> for how long? >> how long is a piece of string >> that's a long time. could be a very long piece of string >> i think it will be 18 month, as we start seeing significant reductions from a mathematical point of view, when you start ratcheteting down on energy costs, that makes a significant difference 24 going to be at 4 or 5% inflation. >> how do you look at uk versus the rest at the moment >> i think we've reached an interesting inflexion point, the announces with the exchequer they mark what the lobby services has been doing for t
our inflation is stickier than yours. >> because of energy >> because of energy >> and because of the nexus of the bad policy decisions in the continent? >> well, you might say >> i did >> i think the point -- the point here is that we're not getting some significant wage inflation. it's understandable, we've got a lot of people struggling with high inflation and cost of living but the problem with that, you send up moving from supply side inflation to...
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Nov 15, 2018
11/18
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how important is iran and those production curbs to the overall energy thesis? >> it's very important a big part of the reason why we moved up above $75 a barrel was because of the iran sanctions. those turned out to have way more bark than bite because of the generosity of the waivers exceeding anything that anyone was anticipating that's a big part of why we're moderately oversupplied. i think it's a big part of the equation we'll have to see what happens in six months. we've seen the trump administration basically in the choice between low gasoline prices and iran choose gasoline prices >> i know i filled up for a lot less that past weekend than the week before. thank you for that >>> coming up, theresa may addressing parliament right now. a slew of her cabinet members handing in their resignations today. the pound is moving in a big way. 1.2784 we'll have the latest on this developing story when the show returns after this commercial break. ♪ ♪ my ambition? helping people get what they want, understanding we're not in this alone, and teaching my kids tha
how important is iran and those production curbs to the overall energy thesis? >> it's very important a big part of the reason why we moved up above $75 a barrel was because of the iran sanctions. those turned out to have way more bark than bite because of the generosity of the waivers exceeding anything that anyone was anticipating that's a big part of why we're moderately oversupplied. i think it's a big part of the equation we'll have to see what happens in six months. we've seen the...
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Aug 16, 2017
08/17
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>> well, it's a technology that feeds our agenda to become 100% clean, renewable energy. we power 182 data centers in 44 of the biggest markets in the world in 22, 23 countries and we've made a commitment to our customers and the market to be 100% clean renewable and this technology is a big step in that direction to help us we're 56% to 60% down the journey today. and this is a big investment a big step >> how does it work? >> so, this is our great example of the land and expanse strategy that tom and i believe in when we formed the partnership. saying as businesses go from analog to digital -- will come along and the customer is going to need something different from what they've been getting so far, collectively we can offer that differentiation and serve the customer better. what happens here is, as you know in the digital world, customers demand the very high bar of reliability the lifeblood of the data center there's electricity going into it and it's clean, not just from -- but from a quality point of view and it is one of the leading costs for a data center. if we
>> well, it's a technology that feeds our agenda to become 100% clean, renewable energy. we power 182 data centers in 44 of the biggest markets in the world in 22, 23 countries and we've made a commitment to our customers and the market to be 100% clean renewable and this technology is a big step in that direction to help us we're 56% to 60% down the journey today. and this is a big investment a big step >> how does it work? >> so, this is our great example of the land and...
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Aug 28, 2017
08/17
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product event september 12th where it is suspected to unveil its latest iphone the big moves happening in energy following harvey's destruction. gasoline prices surging as refineries shut down for the duration of the storm, at least. let's get you caught up on the latest of harvey governor greg abbott announcing he has activated the entire texas national guard that brings the total number of deployed guardsmen roughly 12,000 12,000 new numbers out show more than 1,600 flights have been canceled because of harvey. as brian mentioned, millions under a flash flood watch. about 300,000 are without power. get back now to brian in galveston. you've been able to guess, brian. a new one from what i saw this morning. but, give us the latest on this historic storm and the impact on houston and beyond >> thank you, joe. it's been quite a day. a lot better than a lot of people in houston, texas we started here and drove up to bay town where the exxon refinery is. did a couple shots along the way here a lot of flooding. not just houston, folks. a lot of flooding really between the gulf coast of mexico and ho
product event september 12th where it is suspected to unveil its latest iphone the big moves happening in energy following harvey's destruction. gasoline prices surging as refineries shut down for the duration of the storm, at least. let's get you caught up on the latest of harvey governor greg abbott announcing he has activated the entire texas national guard that brings the total number of deployed guardsmen roughly 12,000 12,000 new numbers out show more than 1,600 flights have been canceled...
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Apr 11, 2022
04/22
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meanwhile energy stocks show up. it's very profitable it's the source, energy is, of almost all the upward earnings revisions on the net basis if you take energy out, earnings are considered to be a little bit slightly down relative to what we thought they were going to be at the start of the year we'll see where that plays out as people start reporting. >> are you with mike wilson and morgan stanley where you think a correction is coming given the kind of numbers you're seeing at this point >> of course, mike wilson has for months been saying it's going to be a cyclical bear market and it's been unfolding in waves i think that's still the open prospect i don't know that you have to make that call right now the market has not disproven that idea. he's talking something similar to the late 2018-type episode where the market went down 10%, you stabilized, and you had that move down. we haven't gotten that extra flush lower. the big question is we've been going down in terms of growth stocks for over a year now a lot of
meanwhile energy stocks show up. it's very profitable it's the source, energy is, of almost all the upward earnings revisions on the net basis if you take energy out, earnings are considered to be a little bit slightly down relative to what we thought they were going to be at the start of the year we'll see where that plays out as people start reporting. >> are you with mike wilson and morgan stanley where you think a correction is coming given the kind of numbers you're seeing at this...
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Dec 30, 2019
12/19
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we talked about energy, energy hitting time and time again now in the last call in the last two months now they're accountacontg for transocean and now a second one, we're looking at microsoft microsoft is interesting, you talk about performance and what's going to happen in 2020 microsoft had an unbelievable year, right? well, they were owning the january calls going into today, the january 157.50 call they're buying the 165 strike. so given where the stock is right now or where it was, it was trading about 157.25 and now buying 165 strike calls. really aggressive. looking for the upside i hastock, scott we talk about this all the time i like the calls right now i'm bowled up with microsoft >> yeah, wondering how much these stocks have the potential to pull back so many of them have done well, right? software stocks and cloud stocks? >> yeah. they're going to have to continue the performance to justify the move s we've seen i some of these stocks, pete >> yeah, it's interesting. they've had a great run when you guys were talking about facebook and apple and all of the names in microso
we talked about energy, energy hitting time and time again now in the last call in the last two months now they're accountacontg for transocean and now a second one, we're looking at microsoft microsoft is interesting, you talk about performance and what's going to happen in 2020 microsoft had an unbelievable year, right? well, they were owning the january calls going into today, the january 157.50 call they're buying the 165 strike. so given where the stock is right now or where it was, it was...
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Nov 22, 2022
11/22
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♪♪ aes has been leading energy transitions for decades... and is partnering with the worlds leading companies to decarbonize industries... cities, and nations. even the internet. is it possible? can we reliably power the things we love and green the planet at the same time? yes... aes. >>> welcome back to "squawk box. it's time for the "executive edge." zoom shares are under pressure company posted better than expected results, but weak outlook for the current quarter. zoom cfo joins us live at 8:50 a.m. to talk about it. >>> dell shares jumped following better than expected earnings. the outlook on the conference call that spooked investors. >>> urban outfitters posted better than expected sales. the company's ceo says the retailer was encouraged by quarter to date sales as it heads into black friday. then the cyber monday weekend. andrew >>> okay coming up, we talk about this. global investors and businesse getting worried about more covid lockdowns happening in china we have a live report from beijing next >>> look at the s&p 500 winners
♪♪ aes has been leading energy transitions for decades... and is partnering with the worlds leading companies to decarbonize industries... cities, and nations. even the internet. is it possible? can we reliably power the things we love and green the planet at the same time? yes... aes. >>> welcome back to "squawk box. it's time for the "executive edge." zoom shares are under pressure company posted better than expected results, but weak outlook for the current...
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Aug 30, 2018
08/18
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you had riots in tunisia because they were pulling off energy subsidies. this is an issue for consumers they're feeling the effects in the way they have not before >> outside of food, is oil the most important commodity politically in the world >> yes it's food and oil. in the developing world, that gets people on to the streets. >> got to eat. got to drive got to fly back from norway. >> yes >> we like it, you're on our time >> thank you >> helima croft, get some rest thank you very much. >>> still to come, story we just referenced, is sitco scitgo set seized >>> and what happens when a super fast tesla, a dangerous driver and a steep train tack come together at the same time video you have to see to believe. it did not end well. darlin'. can this much love be cleaned by a little bit of dawn ultra?. oh yeah one bottle has the grease cleaning power of three bottles of this other liquid. a drop of dawn and grease is gone. olay regenerist wipes out the competition; hydrating better than $100, $200 even $400 creams. with our b3 complex, beautiful skin doesn't
you had riots in tunisia because they were pulling off energy subsidies. this is an issue for consumers they're feeling the effects in the way they have not before >> outside of food, is oil the most important commodity politically in the world >> yes it's food and oil. in the developing world, that gets people on to the streets. >> got to eat. got to drive got to fly back from norway. >> yes >> we like it, you're on our time >> thank you >> helima...
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Feb 28, 2022
02/22
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if you look at energy prices, by the way, energy prices were higher last we're, but not as much as you anticipated. wti up .50% for the week it is indicated up 3.4% right now. brent was up 4.7%. this morning, up 5% to $102.90 natural gas up 1.5%. gold prices are rallying you see gold is sitting up $19 to $1,906 an ounce then cryptocurrency. you will see bitcoin up 1.6% $38,462. other crypto i andrew >>> the top story. eu and u.s. cutting off russia from the s.w.i.f.t. system steve liesman has the latest >> reporter: historic financial sanctions, andrew, imposed on russia with a devastating effect in russia with the ruble crashes under 1 cent to the dollar the central bank forced to raise interest rates to 20% from 9.5%. removing russia from s.w.i.f.t. and freezing $630 billion in foreign reserves prompts long lines to withdraw rubles the russians stock market was ordered closed today s.w.i.f.t. is a messages system that banks used around the world for transactions when a russian system needs to buy from a foreign bank, it uses s.w.i.f.t. if russia is kicked out, it is difficult to tran
if you look at energy prices, by the way, energy prices were higher last we're, but not as much as you anticipated. wti up .50% for the week it is indicated up 3.4% right now. brent was up 4.7%. this morning, up 5% to $102.90 natural gas up 1.5%. gold prices are rallying you see gold is sitting up $19 to $1,906 an ounce then cryptocurrency. you will see bitcoin up 1.6% $38,462. other crypto i andrew >>> the top story. eu and u.s. cutting off russia from the s.w.i.f.t. system steve...
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Sep 29, 2023
09/23
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that does not include energy. energy prices have gotten a lot higher but energy prices eventually bleed through to a lot of other areas that would show up in the core, right? >> i couldn't agree more. it exciting to see we dropped below 4% but it still on the high side. most persons doesn't agree at looking at things from a core perspective because at their core, food and energy prices being very high. and even if these numbers moderate, it doesn't mean we're going back to what prices were pre-covid. >> right now steve liesman joins us. what really jumps out at you? >> i want to go back to the question you asked rick. i was talking to one of those m millennial types the other day. and they were saying the numbers aren't good because they don't report energy. that's not right. one number includes energy and food, one is a core number that takes it out. you can look at whatever you want. i think you know this, becky, apparently not everybody does. i want to make sure people understand that. >> my big ger point is ev
that does not include energy. energy prices have gotten a lot higher but energy prices eventually bleed through to a lot of other areas that would show up in the core, right? >> i couldn't agree more. it exciting to see we dropped below 4% but it still on the high side. most persons doesn't agree at looking at things from a core perspective because at their core, food and energy prices being very high. and even if these numbers moderate, it doesn't mean we're going back to what prices...